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WEKU
WEKU
The Associated Press

Biden says G-7 countries will ban Russian gold in response to the war in Ukraine

President Biden and German Chancellor Olaf Scholz speak during a bilateral meeting at the G7 Summit in Elmau, Germany, on Sunday. (Susan Walsh/AP)

ELMAU, Germany — President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine.

A formal announcement was expected Tuesday as the leaders meet for their annual summit.

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